ALPHA TRIBE

Eco Hotels And Resorts LtdImportant, 01-10-2025: Company Update

01-10-2025 | 12:44 pm

Eco Hotels and Resorts Limited has concluded its Rights Issue, offering up to 1,28,76,808 partly paid-up Equity Shares at Rs. 15.20 per share, aiming to raise up to Rs. 19.57 Crore. The issue, which allowed eligible shareholders to subscribe for one rights share for every four held, received significant interest, with valid applications covering 148.44% of the shares offered. The company has successfully allotted all 1,28,76,808 shares to eligible applicants. This capital raise strengthens the company’s financial position and supports its operational and business objectives, a key development for its stakeholders.

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